Investment-Grade Multi-Unit Apartment Building in Kashiwazaki, Niigata

This is a substantial investment opportunity: a seven-story reinforced concrete apartment building for sale in Kashiwazaki City, Niigata Prefecture. The property, built in 1990, offers a total floor area of 1,849.36 sqm (approximately 559.43 tsubo) on a generous land plot of 1,530.393 sqm (approximately 462.94 tsubo). The building is situated on flat land with road frontage to the north on a paved public road approximately 5 meters wide.

Key equipment and features include electricity, public water supply, public sewerage, and IH cooking systems. According to the agent's notes, the property boasts a strong net yield of 11.84%. The annual income breakdown includes rental income (as of October 2025) of 23,376,600 yen, revenue from a mobile phone company rooftop antenna installation fee of 1,980,000 yen, and various operational incomes. Annual expenses detailed are fixed asset/city planning taxes of 1,967,800 yen, water tank cleaning/disinfection costs of 88,000 yen, building periodic inspection fees of 26,876 yen, fire inspection costs of 158,400 yen, optical line usage fees of 987,360 yen, internet provider contract fees of 293,040 yen, garbage collection fees of 240,000 yen, and elevator periodic inspection fees of 221,760 yen.

The location is highly accessible, approximately 600 meters from Kashiwazaki Station on the Shin'etsu Main Line and about 3,100 meters from the Hokuriku Expressway's Kashiwazaki Interchange. Kashiwazaki is a coastal city in Niigata known for its rich history and natural beauty. An interesting local fact is that the city is home to the Kashiwazaki-Kariwa Nuclear Power Plant, one of the largest nuclear power stations in the world by net electrical power rating. For visitors and residents alike, a major nearby attraction is the scenic Sado Island, accessible via ferry from nearby ports, renowned for its history as a place of exile, its traditional performing arts, and stunning coastal landscapes.